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Trump official slams cartels as U.S. lawmakers push anti-OPEC bill The Saigon Times Daily The logo of the Organization of the Petroleum Exporting Countries (OPEC) is seen at its headquarters in Vienna, Austria, December 5, 2018 – PHOTO: REUTERS WASHINGTON (REUTERS) - A senior administration official said on Friday that U.S. national security depends on affordable energy, and slammed cartels when asked if President Donald Trump would support a bill targeting the OPEC production group’s oil supply cuts. “The United States is firmly committed to open, fair and competitive markets for global energy trade,” said the official, who spoke on condition of anonymity. “We do not support market-distorting behaviour, including cartels.” The House of Representatives’ Judiciary Committee on Thursday unanimously passed the No Oil Producing and Exporting Cartels, or NOPEC, bill. House Majority Leader Steny Hoyer, who has supported NOPEC in the past, … [Read more...] about Trump official slams cartels as U.S. lawmakers push anti-OPEC bill

Maduro rival Guaido claims Venezuela presidency with U.S. backingThe Saigon Times Daily Juan Guaido, President of Venezuela's National Assembly, holds a copy of Venezuelan constitution during a rally against Venezuelan President Nicolas Maduro's government and to commemorate the 61st anniversary of the end of the dictatorship of Marcos Perez Jimenez in Caracas, Venezuela January 23, 2019 – PHOTO: REUTERS CARACAS (REUTERS) - Venezuelan opposition leader Juan Guaido declared himself interim president on Wednesday, winning the backing of Washington and many Latin American nations and prompting socialist Nicolas Maduro, who has led the oil-rich nation since 2013, to break relations with the United States. U.S. President Donald Trump formally recognised Guaido shortly after his announcement and praised his plan to hold elections. That was swiftly followed by similar statements from Canada and a slew of right-leaning Latin American governments, including Venezuela’s … [Read more...] about Maduro rival Guaido claims Venezuela presidency with U.S. backing

Russia denounces new U.S. sanctions as illegal, mulls retaliationThe Saigon Times Daily National flags of Russia and the U.S. fly at Vnukovo International Airport in Moscow, Russia April 11, 2017 – PHOTO: REUTERS MOSCOW (REUTERS) - Russia condemned a new round of U.S. sanctions as illegal on Thursday and said it had begun working on retaliatory measures after news of the curbs pushed the rouble to two-year lows over fears Moscow was locked in a spiral of never-ending sanctions. Moscow has been trying with mixed success to improve battered U.S.-Russia ties since Donald Trump won the White House in 2016, and Russia’s political elite was quick to chalk up a summit last month between Trump and Vladimir Putin as a victory. But initial triumphalism swiftly turned sour as anger over what some U.S. lawmakers saw as an over deferential performance by Trump and his failure to confront Putin over Moscow’s alleged meddling in U.S. politics galvanized a new sanctions … [Read more...] about Russia denounces new U.S. sanctions as illegal, mulls retaliation

Chinese officials also repeatedly pledged in two days of talks with their U.S. counterparts that they saw no need for sustained weakening of the yuan currency, which many investors fear could shock the already sluggish U.S. and global economies and roil financial markets as happened in January. A central bank vice governor, Yi Gang, announced the quota at the bilateral Strategic and Economic Dialogue talks in Beijing, without providing further details such as a timeframe. "We believe the U.S. market is very important, so we granted 250 billion yuan in RQFII quotas to the United States," he said. The Renminbi Qualified Foreign Institutional Investor program allows financial institutions to use offshore yuan to buy securities in mainland China, including stocks, bonds and money market investments. China and the United States will also each pick a qualified bank to conduct yuan clearing business in the United States, Vice Premier Wang Yang said on Tuesday. The moves will allow … [Read more...] about China gives U.S. investment quota for first time to deepen financial ties

U.S. Ambassador to Vietnam Ted Osius, accompanied by his husband and two children, visited Kim Lien Pagoda in Hanoi yesterday morning to celebrate Ghost Festival (Vu Lan) - a traditional event where living descendants pay homage to their deceased ancestors.
Osius said it’s important for his two and a half year old son Tabo and one year old daughter Lucy to understand Vietnamese culture.
The abbot of Kim Lien Pagoda pins a red flower – considered a symbol of love and nobility – on the shirt of the U.S. Ambassador.
Osius’s adopted son, Theodore Alan Bond-Osius (Tabo), also receives a flower of his own.
Buddhist monk Thich Dam Thanh gives the U.S. Ambassador traditional moon cakes as a gift. “Mooncakes are very delicious,” said Osius in Vietnamese.
Related news: > Ghosts make audacious break-out from gates of hell > U.S. Ambassador invites Vietnamese facebookers to suggest schedule ahead of Obama … [Read more...] about U.S. Ambassador and family celebrate Ghost Festival at Hanoi pagoda